Senior Benefits Analyst
Who we are
SoFi is a digital personal finance company whose mission is to help its members achieve financial independence to realize their ambitions, whether that be to buy a house one day, start a family on their own terms or be debt free. We aim to be at the center of our members’ financial lives, and to help every member Get Their Money Right®. By joining SoFi, you’ll become part of a forward-thinking company that is transforming financial services by embracing technology to build innovative loan products, investment tools, and more. One of the fastest growing fintech companies, we’ve grown from 250 employees in 2015 to over 1,500 employees today, and are well on our way to reaching 1 million members. With offices across the US, we offer the excitement of a rapidly growing startup with the stability of a seasoned management team and some of the best talent around. As an employer, we strive to hire employees who are committed to both our company’s mission and our desire to build the best culture in the world. If you are driven, passionate about what you do, and excited about the SoFi mission, we would love to hear from you.
The Senior Benefits Analyst will play a lead role in research, analytics, and program evaluation helping ensure SoFi employees have relevant and comprehensive benefit offerings. You will work closely with our Senior Benefits Leader in managing end to end benefit programs activities, including benefits plan design and administration, strategic analysis, and vendor management.
What you’ll do:
Determine employee benefit best practices through robust benchmarking and data driven decision making.
Identify opportunities to improve the employee experience and the operational efficiency of our benefit programs.
Administer the day-to-day operations of Family Medical Leave, Short-term Disability, and Long-term Disability plans.
Process workers' compensation claims with third-party administrators and follow up on claims.
Administer various employee benefits programs, such as group health, flexible spending accounts, dental and vision, accident and disability, life insurance, 401(k), and wellness benefits.
Recommend employee benefit programs by examining, evaluating, and optimizing employee understanding, acceptance, and interests, costs, regulatory requirements, and competitive advantage.
Oversee and analyze the benefits renewal process, develop and implement Open Enrollment Communication plan and participate in systems set-up/implementation with benefit carriers.
Track and process benefit enrollments and terminations quickly and accurately in HRIS and enrollment systems.
Gather employee data and perform enrollment and compliance audits.
Provide excellent customer service support, resolving benefit inquiries from employees, HR Business partners and vendors in a timely manner.
Support annual reporting processes including 5500, 1095C, 401k audits and worker’s compensation audits..
Work alongside payroll regarding overseeing benefit deductions and other payroll related tasks.
What you’ll need:
Bachelor’s degree in Human Resources, Business, Finance or related field.
4+ years of Benefits experience.
Familiarity with payroll and benefits software systems (WorkDay & ADP preferred).
Strong PC or MAC skills including expertise in Microsoft Excel, Work and Powerpoint.
Knowledge of Benefit laws and regulations, including HIPAA, ACA, ERISA, ADA, FMLA and others.
Ability to connect and effectively communicate with people at all levels of the organization.
Excellent oral and written communication.
Ability to prioritize, multi-task and meet deadlines.
Critical evaluation, attention to detail and ability to research complex issues; must be analytical and able to develop and document recommended actions.
Team player with a positive attitude
Why you’ll love working here
Competitive salary packages and bonuses
Comprehensive medical, dental, vision and life insurance benefits
Generous vacation and holidays
Paid parental leave for eligible employees
401(k) and education on retirement planning
Tuition reimbursement on approved programs
Monthly contribution up to $200 to help you pay off your student loans
Great health & well-being benefits including: telehealth parental support, subsidized gym program
Employer paid lunch program (except for remote employees)
Fully stocked kitchen (snacks and drinks)
SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.